(WAM)-


The Abu Dhabi Government has announced the "Abu Dhabi Government Digital Strategy 2025-2027," advancing the emirate's transformation towards an AI-powered government.

Implemented by the Department of Government Enablement – Abu Dhabi (DGE) in collaboration with Abu Dhabi government entities, the strategy aims to position the emirate as a global leader in AI-driven government and will allocate AED13 billion through 2025-2027 to foster innovation and technology adoption in the emirate.

The strategy aims to establish a robust digital infrastructure, creating a flexible and scalable foundation to achieve 100% adoption of sovereign cloud computing for government operations and digitising and automating 100% of processes. It also includes the development of a unified digital enterprise resource planning (ERP) platform, streamlining processes and enhancing productivity and efficiency.

As part of the AI for All programme under the strategy, the Abu Dhabi government is investing in training and empowering its citizens in AI applications.

Additionally, over 200 innovative AI solutions will be implemented across government services, solidifying Abu Dhabi's position as a global hub for AI-driven innovation. The strategy also promotes the development of robust digital guidelines and frameworks to ensure the highest cybersecurity standards to anticipate and address future challenges efficiently.

Ahmed Hisham Al Kuttab, Chairman of the DGE, said, "The Abu Dhabi Government Digital Strategy 2025-2027 reflects our leadership's vision of being an AI-native government, seamlessly integrating AI across all government systems for a future that is proactive, agile and fully technology-enabled. By incorporating AI, cloud technologies, and data-driven insights into our government's DNA, we will transform public service delivery, optimise government operations, and drive sustainable economic growth."

The Abu Dhabi Government Digital Strategy builds on over a decade of digital evolution, progressing from e-government to smart and now to AI-powered services for citizens, residents, and businesses across sectors.

Recent initiatives such as the third evolution of the TAMM platform, TAMM 3.0 and the Abu Dhabi Program for Effortless Customer Experience, pave the way for next-generation digital solutions and technologies rooted in AI, sustainability, cloud computing, and data analytics.

The strategy is anticipated to contribute over AED24 billion to Abu Dhabi's GDP by 2027 and create more than 5,000 employment opportunities supporting Emiratisation efforts.

Through key initiatives, including partnerships with the Mohamed bin Zayed University of Artificial Intelligence for upskilling, the Advanced Technology Research Council (ATRC) for large language models, and G42 for AI infrastructure development, and other global partners, Abu Dhabi is cementing its status as a global hub for digital governance and sustainable development.

(WAM)-


The Abu Dhabi Investment Office (ADIO) today announced that it has entered a multi-year partnership with leading gaming and esports company, NIP Group Inc. (NASDAQ: NIPG), to drive gaming, media and entertainment growth in Abu Dhabi.

The five-year landmark agreement will see NIP Group establish its global headquarters in Abu Dhabi, contributing to local employment in the esports and gaming sectors. Additionally, the company will expand its capabilities across key business verticals in the region, including esports operations, creative studios, game publishing, and events and talent management.

ADIO will also work directly with NIP Group to collaborate on the development of a gaming and esports strategy, leveraging Abu Dhabi’s location and resources to build a thriving local gaming ecosystem capable of delivering innovative digital entertainment solutions worldwide.

Central to the partnership is the establishment of a local esports academy, alongside the creation of creative studios dedicated to developing games that highlight Abu Dhabi's cultural identity. New intellectual property, including the development of “Made in Abu Dhabi” content featuring Al Ain and Al Dhafra, will be registered locally, reinforcing Abu Dhabi’s status as a hub for innovation.

The agreement also prioritises talent development, with plans for NIP Group to launch an internship programme for UAE Nationals, along with educational and mentorship initiatives and a global exchange programme.
Through these initiatives, this collaboration will further the emirate’s broader economic acceleration goals, advancing the development of a resilient, knowledge-based economy.

Badr Al-Olama, Director-General of ADIO, said, “ADIO’s partnership with NIP Group reflects our shared ambition to lead creative industries at the cutting edge of entertainment and technology. Welcoming NIP Group to Abu Dhabi marks a significant milestone in this endeavor, and we look forward to jointly shaping a vibrant future for the esports and gaming sector in the region and beyond.”

Hicham Chahine, Co-CEO of NIP Group, said, “We’re delighted to partner with ADIO as we bring together our Eastern and Western businesses, establishing a truly global headquarters that represents not only our growth as a company but the growth of gaming and entertainment in the Middle East. Our selection as a key partner is the ultimate testament to NIP Group’s industry legacy and leadership.”

Mario Ho, Chairman and Co-CEO of NIP Group, added, “This partnership underscores our dedication to sustainable global expansion and operational excellence. This collaboration with ADIO not only reflects our growth ambitions but also our commitment to creating meaningful opportunities for local talent. By creating new jobs and amplifying Abu Dhabi’s leadership in esports and gaming, we aim to empower a new generation of professionals who will drive the gaming and entertainment sector forward in the Middle East and beyond.”

(WAM)-


In 2024, the volume of Sukuk issued by UAE based issuers reached $14.4 billion, according to S&P Global Ratings.

Speaking to the Emirates News Agency (WAM), Mohamed Damak, Managing Director and Global Head of Islamic Finance, S&P Global Ratings, said, “We expect the volume of sukuk issuance in the UAE to hover around $14-15 billion in 2025 underpinned by banks and corporate issuances.”

Damak emphasised the UAE's robust financial performance, driven by a supportive environment and sound fiscal management.

Membership Committee no. (02) of 2025 has decided on 21/01/2025 decision no. (08) of 2025 Approval the registration of Agricultural Bank of Egypt in the membership register of the Egyptian Stock Exchange (as a Non ' Primary Dealer) in accordance with the membership rules of the Egyptian Stock Exchange, under Code No. (3006).

Company Name : Arab Co. for Asset Management And Development
ISIN Code : EGS72AQ1C016
Reuters Code : ACAMD.CA
Content :
AGM minutes before certification
Assembly Date : 15/01/2025

AGM Minutes (before Certification) (1,285 KB)

SPA-


The Egyptian Stock Exchange indices recorded collective increases at the close of trading today, and the market capitalization of the shares of companies listed on the stock exchange gained about EGP 13 billion to end trading at EGP 2.231 trillion amid total trading of about EGP 198.6 billion. The main index of the stock exchange (EGX 30) rose by 0.7% to reach 29826.58 points, while the small and medium-sized stocks index (EGX 70) increased by 1.3% to reach 8480.45 points, and the broader index (EGX 100) added about 1.11% to reach 11603.24 points.

Tadawul-


Element List Explanation
Introduction A Correction Announcement from MULKIA Investment Company regarding the distributions of Fund’s dividends to the Unitholders of Mulkia Gulf Real Estate REIT
Date of the Previous Announcement 2025-01-15 Corresponding to 1446-07-15
Hyperlink to the Previous Announcement Click Here
The Misstatement in the Previous Announcement A correction to the announcement of MULKIA Investment Company published on 15/07/1446 H Corresponding to 15/01/2025 G Mulkia investment company would like to clarify that It was mentioned in the previous announcement - the Arabic and English version - Total Dividends 8,301,297.60 SAR .
The Correction of the Misstatement The correct Total Dividends 8,301,279.60 SAR.
The Resulted Impact From The Misstatement There is no effect resulting from this corrective announcement.

Tadawul-


Element List Explanation
Introduction The Board of Directors of Dar Al Markabah Car Rental Company is pleased to invite esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting - the first meeting - scheduled to be held via modern technology, God willing, at 8:30 PM on Wednesday, 13 Sha'ban 1446 AH, corresponding to February 12, 2025.
City and Location of the General Assembly's Meeting The company's headquarters is in Riyadh - via modern technology.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2025-02-12 Corresponding to 1446-08-13
Time of the General Assembly’s Meeting 20:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting The Extraordinary General Assembly meeting is valid if attended by shareholders representing at least half of the company's shares with voting rights.
General Assembly Meeting Agenda 1. Voting on the Board of Directors' recommendation to split the company's shares as follows:
- Nominal value of the share before the adjustment: (10) ten Saudi Riyals.

- Nominal value of the share after the adjustment: (0.5) Riyal.

- Number of shares before the adjustment: (2,500,000) shares.

- Number of shares after the adjustment: (50,000,000) shares.

- There is no change in the company's capital before and after the share split.

- Effective date: If approved, the split decision will be effective for all shareholders owning shares on the day of the Extraordinary General Assembly meeting, as recorded in the company's shareholder register with the Securities Depository Center (the Depository Center) at the end of the second trading day following the date of the Extraordinary General Assembly meeting that decided on the share split. The impact of the decision will apply to the share price starting from the next business day following the meeting, and the decision will apply to the number of shares in shareholders' portfolios on the second trading day following the date of the Extraordinary General Assembly meeting that decided on the share split.

- Amendment of Article Seven of the company's bylaws related to (capital). (Attached)

2. Voting on the approval of the work regulation for the Remuneration and Nominations Committee. (Attached)

3. Voting on the approval of the policy for competition standards and controls. (Attached)

4. Voting on the amendment of the policy for the remuneration of Board members and the committees emanating from it and the executive management. (Attached)

5. Voting on the amendment of Article (35) of the company's bylaws, related to (profit distribution). (Attached)

6. Voting on the transfer of the entire balance of the company's statutory reserve amounting to (1,051,185) Riyals as per the financial statements for the year ending on 31/12/2023 to the retained earnings account and counting it within the financial year ending on December 31, 2024.

Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The right to register attendance at the General Assembly meeting ends at the time of the meeting's commencement. Additionally, the right to vote on the assembly's items for attendees concludes upon the completion of the vote counting committee's work. Shareholders in attendance have the right to discuss the topics listed on the agenda and direct questions.
Details of the electronic voting on the Assembly’s agenda Shareholders registered in the Tadawulaty services can vote electronically from a distance on the assembly's items starting at 01:00 AM on Saturday, 09/08/1446 AH, corresponding to 08/02/2025 AD, until the end of the assembly meeting. Registration and voting in Tadawulaty services will be available and free for all shareholders using the following link: [www.tadawulaty.com.sa](http://www.tadawulaty.com.sa).
Method of Communication in Case of Any Enquiries In case of any inquiries, please contact the Investor Relations Department at 0114003552 or via email at: info@dsrent.com.sa.
Attached Documents

Tadawul-


Element List Explanation
Introduction Liva Insurance Company today, Tuesday, January 21, 2025, announced that it has received the Insurance Authority's non-objection to forming the Audit Committee for the current Board term. This term began on November 26, 2024, and will continue for three years, ending on November 25, 2027, as follows:
- Mr. Bader Brahim Alswailem – Chairman of the committee (Independent Member)

- Mr. Ahmed Mohammed Turbush – Member of the committee (Independent Non- Board Member)

- Mr. Riyadh Otibi Alzahrani– Member of the committee (Independent Non- Board Member)

Element List Explanation
Appointed Member Name Mr. Bader Brahim Alswailem - Chairman of the committee (Independent Member)
Membership Start Date 2025-01-21 Corresponding to 1446-07-21
Brief Resume of the Appointed Member Mr. Bader Brahim Alswailem holds a bachelor’s degree in accounting from King Saud University. He has over 23 years of experience, during which he held numerous leadership positions and served on the boards of directors and audit committees of many companies across various sectors.
The date of the approval by other official authorities 2025-01-21
Element List Explanation
Appointed Member Name Mr. Ahmed Mohammed Turbush - Member of the committee (Independent Non- Board Member)
Membership Start Date 2025-01-21 Corresponding to 1446-07-21
Brief Resume of the Appointed Member Mr. Ahmed Mohammed Turbush holds a bachelor’s degree in accounting from King Abdulaziz University. He has over 21 years of experience, during which he held numerous leadership positions and served on the boards of directors and audit committees of many companies in various sectors.
The date of the approval by other official authorities 2025-01-21
Element List Explanation
Appointed Member Name Mr. Riyadh Otibi Alzahrani- Member of the committee (Independent Non- Board Member)
Membership Start Date 2025-01-21 Corresponding to 1446-07-21
Brief Resume of the Appointed Member Mr. Riyadh Otibi Alzahrani holds a bachelor’s degree in accounting from King Saud University. He has over 32 years of experience, during which he held numerous leadership positions and served on the boards of directors and audit committees of many companies in the financial sector.
The date of the approval by other official authorities 2025-01-21
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2025-01-05 Corresponding to 1446-07-05

Tadawul-


Element List Explanation
Announcement Detail Reference to the announcement of Gas Arabian Services Co. on 02/03/1446 AH corresponding to 05/09/2024 regarding the submission of a transition application to the main market, the company announces the withdrawal of the application to comply and fulfill the additional liquidity requirements and standards published on the market’s website. Any developments related to this matter will be announced later.

Tadawul-


Element List Explanation
Introduction Riyadh Cement Company Board of Director's recommended in BOD meeting held on Tuesday 21 January 2025 that based on their authorities and after review of financial situation of company and expected retained end of year 2024 to distribute cash dividends to its shareholders for the second half of 2024 as below.
Date of the board’s recommendation 2025-01-21 Corresponding to 1446-07-21
The Total amount distributed 150000000 SAR
Number of Shares Eligible for Dividends 120000000 shares
Dividend per share 1.25 Riyal
Percentage of Dividend to the Share Par Value (%) 12.5
Eligibility date The eligibility of the dividends for the Company's shareholders who own shares at the end of the day in which the Company's General Assembly is convened and who are registered in the Company's records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced at a later date.
Distribution Date Will be announced later.
The name of other official authorities and the details of their non-refusal to the recommendation or decision N/A
Additional Information The Company would like to inform its Shareholders of the necessity of updating their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their cash dividends are deposited in their accounts with the banks on the distribution day after obtaining the General Assembly’s approval.
We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law, and article (63) of its implementing regulation.

Tadawul-


Element List Explanation
Introduction Regarding signing a contract to supply clinker with a Jordanian company specialized in the field of industry and mining, the company would like to clarify to its shareholders that the contracted company is Sigma Industry and Mining Company.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-12-04 Corresponding to 1446-06-03
Hyperlink to the Previous Announcement Click Here
Change on the Development the company would like to clarify to its shareholders that the contracted company is Sigma Industry and Mining Company.
Financial Impact on the change None
Additional Information None

The Saudi Stock Exchange main index closed today down 9.91 points to close at 12369.63 points, with trades worth 6.9 billion Saudi riyals.

The volume of traded shares - according to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange - amounted to 293 million shares, in which the shares of 133 companies recorded an increase in their value, while the shares of 97 companies closed down.

The shares of Rasn, Saudi Cables, Loyalty, Talco, and Amana Insurance were the most rising, while the shares of ACWA Power, Americana, Al Majed Al Oud, Alam, and Miahna were the most declining in trading, as the rates of increase and decrease ranged between 9.99% and 3.49%.
While the shares of Al Baha, Shams, Americana, Anaam Holding, and Saudi Aramco were the most active in terms of volume, the shares of Al Rajhi, Rasn, Saudi Aramco, Alam, and Maaden were the most active in terms of value.
The Saudi Parallel Stock Index (Nomu) closed today down 0.27 points to close at 31,317.97 points, with trades worth 55 million Saudi riyals, and the volume of traded shares exceeded 3 million shares.

SPA-


The Ministry of Commerce revealed a 20% growth in commercial records in the arts, entertainment and leisure sector during 2024 compared to 2023.

It highlighted the most promising activities in the sector that achieved remarkable growth during the year, as records increased by 30% in creative activities, arts and entertainment activities, and the total activity records reached (4,188 commercial records), and records increased by 26% in the activity of amusement parks and game cities, and the total activity records reached (6,108 records).

While records in other entertainment and leisure activities increased by 25%, and the total activity records reached (14,239 commercial records), and sports club activity records increased by 18%, and the total records reached (8,095 commercial records) by the end of 2024.
The arts, entertainment and leisure sector is one of the promising sectors in the Kingdom’s Vision 2030, contributing to the development of the local economy, diversifying sources of income, increasing the gross domestic product, and providing opportunities for the private sector to build and develop activities that enrich the lives of segments of society.

SPA-


His Excellency the Minister of Economy and Planning, Mr. Faisal bin Fadel Al-Ibrahim, met with His Excellency the Portuguese Minister of Economy, Pedro Reis, on the sidelines of the World Economic Forum 2025. During the meeting, the work of the Saudi-Portuguese Joint Committee was reviewed, as well as opportunities to enhance economic relations between the two countries in various sectors. The latest global economic developments of common interest were also discussed.

Membership Committee no. (02) of 2025 has decided on 21/01/2025 decision no. (08) of 2025 Approval the registration of Agricultural Bank of Egypt in the membership register of the Egyptian Stock Exchange (as a Non ' Primary Dealer) in accordance with the membership rules of the Egyptian Stock Exchange, under Code No. (3006).

SPA-


His Excellency the Secretary-General of the Gulf Cooperation Council, Mr. Jassim Mohammed Al-Budaiwi, reviewed a number of topics of common interest with the Prime Minister of the Socialist Republic of Vietnam, Mr. Pham Minh Chinh, most notably the second Gulf Summit with the ASEAN Association, in addition to a number of economic and cultural fields and enhancing communication between peoples, in a way that serves common goals and interests.
This came during their meeting today in the Swiss city of Davos, on the sidelines of the 55th annual meeting of the World Economic Forum 2025.
A number of topics were discussed, most notably a review of Gulf-Vietnamese relations and ways to develop and strengthen them in a way that serves common interests. The free trade agreement between the two sides was also discussed, in recognition of the common benefits for their peoples, in addition to exchanging views on the latest developments on the regional and international arenas.

SPA-


His Excellency the Minister of Economy and Planning, Mr. Faisal bin Fadel Al-Ibrahim, met with the Executive Chairman of Lazard, Kenneth Jacobs, on the sidelines of the World Economic Forum 2025. During the meeting, they discussed global economic developments and opportunities for cooperation available in the Kingdom within the framework of the Kingdom’s Vision 2030.

(QNA)-


Italy, Germany, Austria, Algeria, and Tunisia have taken a bold step toward a greener future, signing a joint declaration to develop the "South H2 Corridor," a hydrogen pipeline linking North Africa and Europe.

The ambitious project, discussed during a ministerial meeting in Rome, aims to deliver green hydrogen produced on the Mediterranean’s southern shores to Europe, boosting energy collaboration across continents.

The initiative, supported by key players like Italy’s gas network operator (SNAM), has been recognized by the European Commission as a Project of Common Interest, signaling its strategic importance.

This marks a pivotal chapter in five years of negotiations between Mediterranean nations to revolutionize energy cooperation and champion sustainability.

Membership Committee no. (02) Of 2025 has decided on 21/01/2025 decision no. (10) Of 2025 accepting the registration of OKAZ Portfoilo Management in the membership registry of the Egyptian Stock Exchange in accordance with the Membership Rules.

(QNA)-


Qatar Stock Exchange (QSE) index closed Tuesday's trading session down by 0.28 points, or 0.002 percent, finishing at 10,507.28 points.

During the session, 211,911,936 shares were traded, with a total value of QAR 482,191,556.142, resulting from 14,833 transactions across all sectors.

The shares of 24 companies rose, while the shares of 25 others declined, with one company maintaining its previous closing prices.

At the end of the trading session, the market capitalization stood at QAR 615,821,646,069.210 compared to QAR 616,905,243,501.890 in the previous session.

SPA-


Bahrain All Share Index closed today at 1,904.07, down 2.23 points from the previous closing, while Bahrain Islamic Index closed at 764.02, up 0.58 points from the previous closing. The volume of traded shares reached 429,139 shares with a total value of 148,396 Bahraini Dinars executed through 51 transactions.

(BNA)-


Aluminium Bahrain (Alba), the world’s largest aluminum smelter on one site, has joined the Open Innovation Programme, supported by Bahrain’s Labour Fund (Tamkeen) and managed by Brinc MENA.



This Programme connects leading enterprises with innovative Bahraini startups and SMEs to develop cutting-edge solutions that address the enterprises’ challenges and requirements, and enhance operational efficiency, drive sustainability, and foster economic growth. Alba is the first company in Bahrain to participate in this initiative.



The agreement was co-signed between Tamkeen’s Chief Executive, Maha Abdulhameed Mofeez, Alba’s Chief Executive Officer, Ali Al Baqali, and Brinc’s Managing Director, Husain Haji, at Tamkeen’s headquarters. Under this agreement, Alba will collaborate with selected startups and SMEs, co-funding innovative solutions to support the successful implementation of proof-of-concepts (POCs). The Programme aims to drive innovation within Alba and contribute to the growth and development of Bahrain’s vibrant startup ecosystem.



This collaboration also aligns with Tamkeen's strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritizing enterprise growth, digitization, and sustainability.



Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), said: "This collaboration reflects our commitment to empowering the startup ecosystem in the Kingdom and our vision to support Bahrain’s industrial sector by promoting innovation and building sustainable solutions that contribute to economic growth. This programme will provide qualified Startups and SMEs with unique opportunities to work with well-established large companies through a comprehensive framework enabling them to provide innovative solutions by closely collaborating with these companies."



Al Baqali said: "As a key pillar of Bahrain's economy and in alignment with Bahrain Economic Vision 2030, Alba is committed to fostering a thriving ecosystem for Bahraini talent. This Open Innovation Programme demonstrates our dedication to supporting local entrepreneurship and driving economic growth within the Kingdom. By collaborating with innovative Bahraini startups and SMEs, we not only enhance our operational excellence, sustainability, and safety but also empower the next generation of Bahraini leaders to contribute to the economic advancement of our Kingdom."



Brinc’s Managing Director, Hussain Haji, commented: "Alba’s participation in the Open Innovation Programme is a testament to their strategic vision and dedication to fostering effective partnerships between major corporations and startups. Together, we aim to develop cutting-edge solutions that enhance Alba’s operations, provide startups with a platform for growth, and address real-world industrial challenges.



A joint committee comprising representatives from Tamkeen, Brinc, and Alba will oversee the selection of startups and SMEs which will be tasked to develop and implement innovative solutions aimed at managing diverse data sources and enhancing asset reliability across Alba’s operations. Key areas of focus include reducing downtime and associated costs through the application of advanced technologies such as predictive maintenance using AI and real-time monitoring with IoT sensors.



Bahrain-based Startups and SMEs with innovative technological solutions for the industrial sector are invited to apply to the programme by visiting the programme website (https://openinnovation.bh) and completing the application form. Selected startups and SMEs will join a six-month Open Innovation Programme, receiving tailored support and mentorship to develop and implement their solutions effectively.

Company Name : El sewedy Electric
ISIN Code : EGS3G0Z1C014
Reuters Code : SWDY.CA
Content :
Release from the company concerning that Elsewedy Electric won the first battery energy storage system project in Greece.

Release from the Company in Arabic & English (540 KB)

SPA-


Muscat Stock Exchange "30" index closed today at 4612.71 points, down 4.2 points, or 0.09%, compared to the last trading session, which amounted to 4616.88 points. The trading value amounted to 2,904,500 Omani riyals, up by 22.2% compared to the last trading session, which amounted to 2,376,585 Omani riyals.

(ONA)-


Faisal Abdullah Al Rawas, Chairman of Oman Chamber of Commerce and Industry (OCCI) received in his office today an official delegation from the Republic of Austria, headed by Andreas Reichhardt, Austrian Vice Minister of Finance and his accompanying delegation.

During the meeting, the two sides explored investment opportunities in several key sectors, including technology, clean energy, mining, vocational training and tourism.

They also reviewed means to enhance trade and economic cooperation. This aims to contribute to the development of both countries' economies, broaden their foundations, and strengthen economic ties in support of shared interests.

The Chairman of Oman Chamber of Commerce and Industry (OCCI) underscored the importance of strengthening economic ties between Oman and Austria, highlighting the promising opportunities for the public and private sectors and the investment incentives offered by Oman to attract local and international investments.

(ONA)-


The total issuance of Government Treasury Bills amounted to RO 27.80 million. The value of the allotted Treasury bills amounted to RO 0.3 million, for a maturity period of 28 days. The average accepted price reached RO 99.700 for every RO 100, and the minimum accepted price arrived at RO 99.700 per RO 100. The average discount rate and the average yield reached 3.91071% and 3.92248%, respectively.

Whereas, the value of the allotted Treasury bills amounted to RO 27.50 million, for a maturity period of 91 days. The average accepted price reached RO 98.950 for every RO 100, and the minimum accepted price arrived at RO 98.950 per RO 100. The average discount rate and the average yield reached 4.21154% and 4.25623%, respectively.

Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides theadded advantage of ready liquidity through discounting and repurchase facilities (Repo).

It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%.

Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

(ONA)-


HH Sayyid Bilarab bin Haitham Al Said today inaugurated Manah 1 and Manah 2 solar power plants in the Wilayat of Manah in the Governorate of Al Dakhiliyah. The plants, which occupy an area of​​ 14.5 million square metres, have a production capacity of 1,000 megawatts.



The two plants, which are the largest solar power plants in the Sultanate of Oman, use more than two million bifacial photovoltaic solar panels to achieve maximum productivity, and nearly 1,800 automated dry-cleaning robots. This will enhance the generation of clean electricity and avoid the use of water for sustainability purposes.

The two projects serve environmental objectives by raising the percentage of renewable energy production in Oman from 6.6 percent to 11 percent, besides cutting down the volume of carbon dioxide emissions by 1.4 million tons per annum.

Through this accomplishment, Oman takes a major step towards achieving net zero neutrality by 2050. It also contributes to the reduction of high demand for electricity by generating sufficient electricity to serve about 120,000 homes.



Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, said that the operation of the Manah 1 and Manah 2 solar energy projects constitutes a milestone in realizing the desired transition in the electricity sector. The step symbolizes a practical application of the Sultanate of Oman’s ambitious vision for clean and sustainable energy, he added.

The minister pointed out that the two projects are testimony to Oman’s ability to combine ambition and action in the fields of innovation and sustainability.

Al Aufi affirmed that the Sultanate of Oman is confidently making headways towards achieving its ambitious goals and raising the percentage of renewable energy to 30 percent by 2030, then to 60-70 percent by 2040 and eventually reaching 100 percent by 2050 through an ambitious plan for a future that relies on clean and sustainable energy.

The minister reiterated that this approach consolidates the position of the Sultanate of Oman as a regional and global hub in the transition to renewable energy.

Al Aufi underscored the ministry’s commitment to pursue steps to enhance national energy security and open up new vistas for investment in the Sultanate of Oman.

For his part, Dr. Mansoor Talib Al Hinai, Chairman of the Authority for Public Services Regulation (APSR), stressed that the two projects are in line with the objectives of Oman Vision 2040. He added that the projects consolidate action for the implementation of Oman’s strategic objectives for sustainable development and ensuring energy security.

Al Hinai pointed out that the Authority for Public Services Regulation plays a significant role in ensuring that renewable energy projects meet the economic and technical regulatory requirements. This is made by strenghtening corporate governance and ensuring a comprehensive and accurate evaluation of companies that compete to undertake these projects—to ensure their readiness and technical aptitude, he explained.



Meanwhile, Ahmed Salim Al Abri, CEO of Nama Power and Water Procurement Company, said that the company is committed to promoting the use of renewable energy and ensuring energy security and long-term sustainability for the Sultanate of Oman.

It is worth noting that Manah 1 and Manah 2 solar power plants stem from a partnership between the public and private sectors. Oman Power and Water Procurement Company (a subsidiary of Nama Group) is the tenderer and exclusive buyer of the two projects. Manah 1 plant was implemented in cooperation with Wadi Noor Solar Power Company, the French company EDF Renewables and Korea Western Power Co. (KOWEPO).

The Manah 2 plant was implemented in cooperation with Sembcorp Jinko Shine, Singapore’s Sembcorp Industries and Chinese company Jinko Power.

The start-up ceremony for the two projects, held today in Muscat, was attended by Royal Family members, ministers, undersecretaries and representatives of the developing companies.

(ONA)-


Represented by the Ministry of Finance, the Sultanate of Oman is taking part in the 10th Annual Meeting of Arab Finance Undersecretaries.

The 2-day meeting began today in Abu Dhabi, United Arab Emirates (UAE) with the participation of the International Monetary Fund, the World Bank and the OECD (Organisation for Economic Co-operation and Development).

The meeting deals with the challenges posed to means of supporting energy in the Arab region. It will assess the impact of financial policies on growth and study Arab trends in managing public debt and addressing public finance risks. It will also look into the extent to which “efforts to boost renewable energy development” reflect on energy security.

The Ministry of Finance outlined the Sultanate of Oman’s experience in revising energy support and encouraging investment in renewable energy projects in line with Oman Vision 2040’s priority of economic diversification.

The meetings will also explore the experiences of Arab countries in digital transition in the field of public finance, as well as the application of environmental, social and governance standards in public institutions.

This meeting is being held in preparation for the 16th regular session of the Council of Arab Finance Ministers.

(ONA)-


The Sultanate of Oman's pavilion at the World Economic Forum (WEF), currently being held in Davos, Switzerland, was opened today in the presence of representatives of countries, institutions, international figures and Oman's delegation to the WEF.

Dr. Said Mohammed Al Saqri, Minister of Economy (Head of the Sultanate of Oman’s delegation to the WEF), said in a speech during the opening ceremony that Oman’s participation in the WEF reflects its active role in strengthening the bonds of international cooperation and commitment to find sustainable solutions to address global challenges and to lead sustainable growth.



Al Saqri explained that the opening of the pavilion underlines the growing relationship between the Government of the Sultanate of Oman and the World Economic Forum. This relationship, he added, contributes to enhancing innovative visions to achieve sustainable development and to provide an arena for showcasing the economic vision of the Sultanate of Oman and the country’s developmental accomplishments.



The first day of the WEF saw a significant turnout of investors who thronged Oman’s pavilion, leading to a series of meetings among an elite group of investors and leading global companies.

(ONA)-


Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion received today Dr. Mohamed Maliki Osman, Minister in the Prime Minister's Office, Second Minister for Foreign Affairs, and Second Minister for Education of the Republic of Singapore and his accompanying delegation.

The meeting comes withint the framework of marking the 40th anniversary of establishing diplomatic relations between Oman and Singapore.



During the meeting, the tow sides explored cooperation opportunities in various fields.

Moreover, the Singaporean delegation highlighted their country’s prominent experience in developing the business environment and the importance of that in attracting foreign investments.

The Omani side showcased the economic national programmes that are related to Oman Vision 2040 and prominent sector which Oman seeks to boost.

Both sides underscored the importance of pressing ahead in promoting bilateral relations.

The meeting was attended by the Chargé d’Affaires of Singapore’s embassy in Oman and several officials from both sides.

Company Name : Golden Coast Company
ISIN Code : EGS70GV1C015
Reuters Code : GOCO.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2024 according to Article 30 of the Listing Rules.

Shareholders' Structure (527 KB)

(ONA)-


Oman oil price (March delivery 2025) today reached 83.11 US Dollars, comprising a drop by 49 cents compared to the price of yesterday “Monday” which stood at 83.60 US Dollars.

The average price of Oman oil (January delivery 2025) stabilized at 72.46 US Dollars per barrel, thus 2.36 US Dollars per barrel lower than December delivery 2024.

(ONA)-


The Public Establishment for Industrial Estates “Madayn” has unveiled a new package of incentives for investors and business owners in Al Mazunah Free Zone.

The announcement was made during the activities of Al Mazunah Economic Exhibition and Forum, reaffirming Madayn’s commitment to enhancing a robust investment environment in the Sultanate of Oman and attracting new investments.



Eng. Ahmed Khamis Al Kasbi, Director General of Al Mazunah Free Zone, stated that the Board of Directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) has approved a set of incentives for the free zone in recognition of the significance of enhancing the investment climate and encouraging investors to expand their operations.

Al Kasbi said, “Among the highlights of these incentives include exempting investors from accumulated debts by 30%, in addition to a 50% reduction in rental costs for the next five years for existing and new investors. These incentives aim at increasing the free zone’s competitiveness and enhancing investment appeal. In fact, these incentives form a cornerstone of efforts to support economic growth, and promote innovation and sustainability.”



Al Kasbi added that Al Mazunah Free Zone has achieved significant progress in recent years in terms of investment and commercial activity. “In 2024, the volume of goods imported to the free zone reached over 240,000 tons, marking an increase of more than 20% compared to the volume recorded in 2023. The free zone presents a vital gateway for regional trade and a hub for economic activities with its fully developed infrastructure, essential facilities including road network, electricity, water and telecom networks, electronic services, warehousing spaces, and transportation services,” Al Kasbi added.

On another note, Al Mazunah Economic Exhibition and Forum continues its activities with the participation of over 100 local and international companies. The event provides a platform to explore collaboration and partnership opportunities.

(ONA)-


More than 400 specialists from 30 countries and 106 international organizations are taking part in the 10th Middle East Artificial Lift Forum (MEALF), being held in Muscat (20-22 January 2025).

The event elaborates on the use of artificial lift techniques to upgrade oil-well productivity, as well as the role of artificial intelligence (AI) in data analysis towards improving operational efficiency.

The opening ceremony was held under the auspices of Mohsin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals.

Al Hadhrami said that the forum constitutes a technical platform that brings together international experts and specialists who exchange the latest innovations in the field of artificial lift—a key instrument in improving the efficiency of oilfield production and longevity.



The forum discusses more than 50 working papers on vital operations, including monitoring greenhouse gas emissions, enhancing the sustainability of artificial lift systems and exploring the role of modern technology in improving production efficiency and developing mature oil and gas fields.

The forum addresses all personnel operating in the oil and gas sector, including professionals and amateurs, in addition to students of Omani colleges—with the prime aim of developing local competencies.

An exhibition is held on the sidelines of the forum to showcase the products of major international companies and the latest innovations and technical solutions that contribute to developing the oil and gas sector.

(ONA)-


Nama Water Services company has completed the project of expansion of the two wastewater treatment plants in the Wilayat of Al Khabourah and the Wilayat of A'Suwaiq. The project reflects the company’s commitment to improve the quality of life in the basic services sector.

The project was a step forward in consolidating the pillars of sustainable development in the governorates covered by the company’s services.

Eng. Hilal Masoud Al Sharji, Acting Manager of Operations Support at Nama Water Services, said that the expansion project of the two wastewater treatment plants adds momentum to the growth of the wastewater sector’s infrastructure in the two Wilayats.

“The project dealt with treating wastewater and producing regenerated and triple-treated water through the application of the best international practices in this field,” Al Sharji added.

Company Name : El Taamir Securitization
ISIN Code : EGB692R1S070
Reuters Code : EGETSC03=CA
Content :
With reference to the release published on the trading screens on 15/01/2025 regarding the reconstruction bonds for securitization third issue slide (a) January 2026 , a rectification was received from the company regarding the adjustment of the value of Coupon No. 6 for slide (a)

Correction From the Company (111 KB)

Company Name : Industrial & Engineering Enterprises Co.
ISIN Code : EGS22171C010
Reuters Code : IEEC.CA
Content :
A release from the company stating that it does not have any information justifying this move of the share price during the period from 15/01/2025 to 21/01/2025.

Release from the Company (101 KB)

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Integrated Engineering Group S.A.E
Position: Major shareholder
Transaction: Buy
Number of Shares: 1778841

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Heibco for commercial investments & real estate development
Position: Insiders
Transaction: Buy
Number of Shares: 5

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Fawry For Banking Technology And Electronic Payment
Position: Insiders
Transaction: Buy
Number of Shares: 460596

Port Said Containers & Cargo (POCO.CA) Release from the company
Company Name : Port Said Containers & Cargo
ISIN Code : EGS42101C013
Reuters Code : POCO.CA
Content :
Release from the company regarding free stock distributions.

Release from the Company (568 KB)

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: E‐Finance For Digital and Financial Investements SAE
Position: Insiders
Transaction: Sell
Number of Shares: 17000

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Misr Hotels
Position: Insiders
Transaction: Buy
Number of Shares: 2485

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Palm Hills Development Company
Position: Insiders
Transaction: Buy
Number of Shares: 1500000

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Palm Hills Development Company
Position: Insiders
Transaction: Sell
Number of Shares: 12800

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Palm Hills Development Company
Position: Insiders
Transaction: Buy
Number of Shares: 10000

Company Name : Cairo Educational Services
ISIN Code : EGS72201C014
Reuters Code : CAED.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2024 according to Article 30 of the Listing Rules.

Shareholders' Structure (2,858 KB)

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Mena Touristic & Real Estate Investment
Position: Major shareholder
Transaction: Sell
Number of Shares: 22

Insider Trading Executions: Trading Session 20/ 1 /2025
Company Name: Mena Touristic & Real Estate Investment
Position: Related Parties to the major shareholder
Transaction: Sell
Number of Shares: 10000